Toynbee saw economics in historical context

4:27 AM,
Aug. 23, 2013

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"Party historians go to the past for party purposes; they seek to read into the past the controversies of the present. You must pursue facts for their own sake, but penetrated with a vivid sense of the problems of your own time. This is not a principle of perversion, but a principle of selection."

- Arnold Toynbee

Arnold Toynbee died at a young age, but he was able to make substantial contributions to our understanding of economic analysis by proposing that solutions should be tailored to the problem and not applied by rote. ...